Good timing: some interesting articles this morning on oil.

Oil certainly is a hot topic, and I'm no maverick on the subject.  There are two very interesting articles on Bloomberg.com this morning similar to what I argue, at least the main point that deflation will overwhelm any positive impact on consumption from lower oil prices.

The first article (here) is very similar to what I said but includes some supporting data.  The second article takes a broader look at the industry and raises the questions: 1) Who will be the first big fracker to to fall? 2) Will the main global players finally breakdown and realize they need to collude and cut production?  Interesting times indeed...